Mortgage Street Smarts

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Mortgage and Lending - AmeriFirst Financial Inc, San Diego, CA - NMLS 259027
From a young age, we learn the difference between BOOK SMARTS (knowledge learned in the school classrooms) and STREET SMARTS (what we learn in the "Real World"...often the hard way). There are no shortage of websites providing the BOOK SMARTS of the Mortgage Industry, but there are very few resources a Consumer has to learn about the STREET SMARTS of the Mortgage Industry. Please feel free to SUBSCRIBE (for free) to this ongoing source of truthful knowledge (without the worry of a "sales spin" buried somewhere in the message). After all, we tend to make better decisions when armed with the facts...the purpose of this blog is to provide FACTS by teaching you the MORTGAGE STREET SMARTS necessary to run your business (if you are a Real Estate Professional) or to make the best decisions for your family (if you are a Consumer). Enjoy!
Holiday Cheer has come early as Mortgage Backed Securities rallied nicely on Friday and have maintained thus far this morning. Weak data from overseas has helped bonds but hurt stocks. The US ISM Index came in just above expectations. Compared to Wednesday's closing, the market has opened with a ...
We have had a huge batch of economic data released today ahead of the Thanksgiving holiday, but so far the reports have had little impact on Mortgage Backed Securities. Durable Orders & Jobless Claims both came in higher than expected, while Personal Income, Chicago PMI, New Home Sales Index, and...
Our rate volatility will likely have a reprieve today as there is no economic data due to be released for the rest of the day. Compared to Friday's closing, the market has opened with a 0.125% IMPROVEMENT to the Points/Credits associated with any given interest rate option. This daily mortgage in...
With little economic news, Mortgage Backed Securities drifted lower this morning. There will be no loans locked tomorrow in observation of Veteran's Day. Compared to Friday's closing, the market has opened with a 0.125% WORSENING to the Points/Credits associated with any given interest rate optio...
San Diego Bankruptcy Attorney Thomas Gorrill, Esq. wrote the following story pertaining to a recent client experience. Please take a moment to learn how an ethical San Diego Bankruptcy Attorney objectively analyzes a client scenario before making a professional recommendation. If you, or someone ...
Today is a quiet day in terms of economic news, yet rate volatility persists as Investors attempt to squeeze profits from early trading. Compared to Friday's closing, the market has opened with a 0.125% IMPROVEMENT to the Points/Credits associated with any given interest rate option. This daily m...
Mortgage Backed Securities have drifted down this morning. Import Prices dropped 0.5% in September, while the consensus was for a decline of 0.8%. No further economic data will be released Pricing has opened 0.125 - 0.250 WORSE to the points/credits associated with each interest rate option. This...
This morning, the weekly Jobless Claims report came in at 287K, below the consensus prediction of 295K.  Jobless Claims remain near the lowest levels since 2006. No more economic data will be released today. Compared to yesterday's closing, the market has opened with a 0.125% WORSENING to the Poi...
A decline in stocks has lifted Mortgage Backed Securities this morning.  Invevstors are concerned about the pace of global economic growth, particularly in Europe.  The JOLTS report came in just above expectations, and no further economic data wil be released today. Compared to Friday's closing, ...
It has been a volatile morning following the release of the key Employment Report.  Against a consensus forecast of 215K, the economy added 248K jobs in September.  The figures for prior months were also revised higher. Meanwhile, the unemployment rate dipped to 5.9% but this was due to ta contin...

Jason E. Gordon

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Author Bio: Jason Gordon is a Residential Mortgage Specialist in San Diego, CA. He combines ethics, education, and experience while helping Homebuyers and Homeowners to achieve their financial goals.View all AR Posts By Jason Gordon

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